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Author Question: If sellers compete against buyers, then A) sellers would prefer to face more buyers in the ... (Read 139 times)

Brittanyd9008

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on: Jun 29, 2018
If sellers compete against buyers, then
 
  A) sellers would prefer to face more buyers in the market.
  B) sellers would prefer to face fewer buyers in the market.
  C) buyers would prefer to face fewer sellers in the market.
  D) buyers would prefer to face more sellers in the market.
  E) both B and C are true.

Question 2

Refer to the figure above. If a price control is imposed at 8, what is the gain in consumer surplus?
 
  A) 5
  B) 10
  C) 15
  D) 20


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meganlapinski

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Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

B


Brittanyd9008

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

connor417

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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